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Office Building For Sale at 101 2544 DOUGLAS ROAD in Burnaby, British Columbia

4 Sale ID #144130
Updated 02 May 2024

Asking Price

$1,849,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Newly renovated office/showroom space primely located near the intersection of Douglas Road and Still Creek between Lougheed Highway and the Trans Canada Highway. This area is widely considered the geographic center of the Lower Mainland allowing for very quick access to all major municipalities. The Holdom Sky Train station is within walking distance. The main floor showroom area features windows on three sides for natural light, air conditioning, t-bar ceiling and pre-engineered flooring, server room, sound room, security alarm and two (2) washrooms. The second floor office features lots of windows for natural light with views of the North Shore mountains, air conditioning, t-bar ceiling and pre-engineered flooring, one (1) private office, kitchen/lunchroom, security alarm and two (2) washrooms. Five (5) parking stalls available. Please telephone or email listing agents for further information or to set up a viewing. (id:39198)

  • MLS® : #C8053116
  • Date Listed : 22 Jul 2023

Location

Province

British Columbia

City

Burnaby

Address

101 2544 Douglas Road

Postal Code

V5C4H7

Location Highlights

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Listed by

RE/MAX Crest Realty British Columbia listing

Category

office-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

2,962

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,849,000

Asking Price

$1,849,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

2,962

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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